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Ezra Holdings secured multiple contracts worth US$65 million from various energy companies. The scope of work for these contracts includes a wide range of services including installation works for a floating production storage offloading vessel in Africa, as well as various engineering and offshore construction support contracts. Works on the various project activities have already commenced with offshore execution taking place in 2015 and 2016.

Global Premium Hotels saw a 7.2 percent gain in revenue to $16 million for the fourth quarter ended 31 December 2014, mainly driven by higher contribution from hotel room revenue. Administrative expenses expanded 21.1 percent amid a few factors including higher staff costs and property taxes. Nonetheless, net earnings soared 61 percent to $8.4 million. For the full year, revenue edged up 1.5 percent to $61.5 million while net earnings accelerated 9.7 percent to $21.2 million. The company has declared a dividend per share of $0.005 for 4Q14.

Japfa proposed the acquisition of the remaining 15 percent of issued share capital in Japfa Comfeed Myanmar (JCMA) for US$5.7 million after a change in the regulations of Myanmar. Post acquisition, the company will have full control over JCMA and will allow Japfa to leverage on fast growing market segment. The acquisition will be funded by both cash and bank loans.

Perennial Real Estate Holdings executed a letter of participation for the acquisition of a 31.2 percent interest in AXA Tower which is located at 8 Shenton Way, Singapore, and valued at $1.2 billion. The equity investment amounts to $117.9 million. The company is in the view that the move will allow it to participate in a potential strong upside in the value of the property, as the property has an unutilised lot ratio which translates to an additional 210,000 square feet in gross floor area. The company intends to finance the acquisition by bank borrowings.

Roxy-Pacific Holdings proposed the acquisition of a hotel development land parcel located at 609 Wellington Street, Perth, Australia for AUD17 million. The freehold land plot is located in Perth’s central business district and is within close proximity to amenities such as retail and commercial centres, tourist attractions and cultural sites. The acquisition will be funded by internal resources.

YuuZoo Corporation signed a memorandum of understanding with Activistic, an Australian company engaging in micro-donations and micro-payments. The partnership is intended to provide a platform across the YuuZoo networks (with an initial focus on emerging markets) in order to enable the capture, management and distribution of micro-donations and micro-payments for charitable purposes.

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